Arthur Hayes
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Arthur Hayes· 2025-10-14 21:40
Welcome to the game serMo Shaikh (@moshaikhs):I can count on one hand the number of crypto VCs with operator experience.Don’t get me wrong, there are a lot of great investors in the space right now. But too many funds write checks and too few help founders actually build. And it's holding the industry back.@neilhar_ ...
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Arthur Hayes· 2025-10-14 03:29
Banksters got the hint led by the Grand Master Jamie Dimon, time to create credit and lend to US industry. More dollars, more $BTC number go up! QE 4 Poor People in action. https://t.co/dBI4fuiDoT ...
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Arthur Hayes· 2025-10-14 03:17
RT Fed (@lord_fed)It was all a misunderstanding on Friday, thanks for playing https://t.co/wiJaoJZokx ...
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Arthur Hayes· 2025-10-14 00:48
RT dream temple (@dreamtemple_)DREAM TEMPLE / ARTHUR HAYESPrinted rebellion. Woven conviction.Fuck Fiat — not just a tee, a thesis.The market speaks, and we answer.@CryptoHayes https://t.co/QiRb7s8qt1 ...
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Arthur Hayes· 2025-10-14 00:14
RT Maurice Andrew (@ShubzyM)yeah we did a cool thing during @WebX_Asiapowered by $hello ...
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Arthur Hayes· 2025-10-13 05:22
So much for property rights. China - first, then your bank account next. $BTC for the win. https://t.co/Qpb632ikxU ...
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Arthur Hayes· 2025-10-13 03:12
RT Haseeb >|< (@hosseeb)Did Ethena Really Depeg?I’ve seen a lot of chatter about the Ethena depeg during the market mayhem this weekend. The story is that USDe briefly depegged to ~68c before recovering. Here’s the Binance chart everyone is quoting:But digging into the data and talking to a bunch of folks over last couple days, it's now clear this story is not correct. USDe did *not* depeg.First thing to understand about USDe: its most liquid venue is actually not on exchanges, it’s on Curve. There’s hundre ...
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Arthur Hayes· 2025-10-13 00:34
RT Mike Silagadze🛡 (@MikeSilagadze)During the flash crash $weETH held its peg within 5bps of ETH, better than any other LST or LRT on the market.@ether_fi has the most widely used staking assets in DeFi, on every chain and major protocol, which makes this all the more impressive.This is how trust is built. https://t.co/gVeNEHTKGi ...
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Arthur Hayes· 2025-10-13 00:33
RT G | Ethena (@gdog97_)While we share these suggestions privately with any partner we work with across both DeFi and CeFi, want to surface this publicly so there is zero doubt going forward on what we view as appropriate oracle design and risk management for USDe: https://t.co/lb4OeaGn9Y ...
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Arthur Hayes· 2025-10-12 23:43
Incident Overview - Approximately $60-90 million of $USDe was dumped on Binance, alongside $wBETH and $BNSOL, exploiting a pricing flaw [1][3] - This localized depeg triggered $500 million - $1 billion in forced liquidations, cascading into over $19 billion globally [2] - Attackers profited about $192 million via $1.1 billion in BTC/ETH shorts opened on Hyperliquid [2][4] Root Cause Analysis - Binance's Unified Account valued collateral using its own spot market instead of external oracles, creating a major vulnerability [3] - Binance announced a fix to move to oracle-based pricing on Oct 6, but the rollout wasn't until Oct 14, leaving an 8-day window for exploitation [3] - A coordinated manipulation of Binance's order books, amplified by a macro shock (Trump's tariffs) and systemic leverage, caused the crash [2] Responsibility and Aftermath - Binance's design flaw and delay in oracle rollout were the root cause of the incident [5] - Binance admitted "platform-related issues," promised compensation, and rolled out minimum price floors + oracle integration [6] - Ethena (USDe) was not at fault, as the protocol remained 1:1 collateralized, redemptions were normal, and the peg held everywhere else [6]